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Sotiris Nikas

Athens

Athens Bureau Chief at Bloomberg News

Bloomberg, Athens - Opinions are my own

Articles

  • 1 week ago | news.bloomberglaw.com | Sotiris Nikas |Sonia Sirletti

    UniCredit SpA paid slightly more than €600 million ($677 million) to double its stake in Greece’s Alpha Services and Holdings SA, according to people familiar with the matter. The Italian lender announced Wednesday that it bought a stake of around 9.7% in the Greek bank, bringing its total holding to nearly 20%. The transaction cost around €615 million, the people said, requesting anonymity as the details of the deal are not public.

  • 1 week ago | bloomberg.com | Sotiris Nikas |Sonia Sirletti

    An Alpha Bank branch in Athens. (Bloomberg) -- UniCredit SpA paid slightly more than €600 million ($677 million) to double its stake in Greece’s Alpha Services and Holdings SA, according to people familiar with the matter. The Italian lender announced Wednesday that it bought a stake of around 9.7% in the Greek bank, bringing its total holding to nearly 20%. The transaction cost around €615 million, the people said, requesting anonymity as the details of the deal are not public.

  • 1 week ago | news.bloomberglaw.com | Sonia Sirletti |Sotiris Nikas

    After seeing two unsolicited deals in a year stalled by unwilling targets and angry governments, UniCredit SpA Chief Executive Officer Andrea Orcel is finally getting a warmer reception. The Italian lender on Wednesday announced that it has doubled its stake in Greece’s Alpha Services and Holdings SA to about 20% and will seek regulatory permission to take its share ownership to just under 30%.

  • 1 week ago | news.bloombergtax.com | Sonia Sirletti |Sotiris Nikas

    After seeing two unsolicited deals in a year stalled by unwilling targets and angry governments, UniCredit SpA Chief Executive Officer Andrea Orcel is finally getting a warmer reception. The Italian lender on Wednesday announced that it has doubled its stake in Greece’s Alpha Services and Holdings SA to about 20% and will seek regulatory permission to take its share ownership to just under 30%.

  • 1 week ago | news.bloomberglaw.com | Sonia Sirletti |Sotiris Nikas

    UniCredit SpA has doubled its holding in Alpha Services and Holdings SA to about 20%, marking yet another transaction for the Italian lender - though with backing from the target and the authorities of its home country. The new stake in the Greek bank is based on derivatives that give UniCredit control over about 9.7% of the shares and it comes on top of the about 9.6% it already owns, UniCredit said in a statement on Wednesday.

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Sotiris Nikas
Sotiris Nikas @NikasSotiris
1 Nov 24

Greek banks plan to reduce their deferred tax credits faster than originally scheduled in an effort to improve their capital mix https://t.co/CKGoN4AXfa μέσω του χρήστη @business, @NikasSotiris

Sotiris Nikas
Sotiris Nikas @NikasSotiris
24 Sep 24

RT @ZSchneeweiss: Greece aims to slash debt to the lowest level since 2009 within four years https://t.co/mkzvxcGEI9 via @NikasSotiris http…

Sotiris Nikas
Sotiris Nikas @NikasSotiris
5 Dec 23

Greece plans to make it easier for Turkish citizens to visit some of the Aegean islands for a limited period of time by granting them a temporary visa, sources say https://t.co/HjKZkJ14CF μέσω του χρήστη @bpolitics, @SelcanHacaoglu